Stocks eased to a mixed finish Wednesday, with the Dow
Industrials and the S&P 500 index again both finishing at
record highs but the Nasdaq Composite index losing ground just
before the close to finish with a tiny loss.
The markets were buoyed by higher forecasts for June payrolls
after the ADP private hiring report this morning crushed market
expectations. Dovish comments from Federal Reserve Chair Janet
Yellen during a speech at an International Monetary Fund conference
in Washington, D.C., also contributed to a moderately bullish
Still, trading was often subdued ahead of tomorrow's payroll
report for June with winners narrowly outpacing losers. Healthcare
stocks were the lone industry sector to solidly build gains
throughout the session although shares of consumer, technology and
material companies also finished with small increases. Utility
stocks continued their recent retreat, giving in to more
profit-taking following a 5% advance for the group last month.
Crude oil for August delivery settled 24 cents lower at $104.24
per barrel while August natural gas added a penny to finish at
$4.37 per 1 million BTU. August gold rose $5.40 to $1331 per ounce
while September silver climbed 20 cents to $21.31 per ounce. July
copper jumped another 7 cents to $3.27 per pound.
Here's where the U.S. markets stand at the end-of-day:
NYSE Composite Index up 3.71 (+0.03%) to 11,050.33
Dow Jones Industrial Average up 20.17 (+0.1%) to 16,976.24
S&P 500 up 1.36 (+0.07%) to 1,974.68
Nasdaq Composite Index down 0.92 (-0.02%) to 4,457.73
Nikkei 225 Index up 0.29%
Hang Seng Index up 1.55%
Shanghai China Composite Index up 0.44%
FTSE 100 Index up 0.20%
CAC 40 down 0.37%
DAX up 0.09%
NYSE SECTOR INDICES
NYSE Energy Sector Index up 0.28%
NYSE Financial Sector Index up 0.06%
NYSE Healthcare Sector Index up 0.27%
(+) VITC, Agrees to $280 mln buyout by Kroger (
), with VITC shareholders receiving $8 per share in cash for each
share they now own.
(+) ZGNX, Expects to file supplemental drug application for its
Zohydro ER pain-killer with new abuse deterrents by October
following a recent meeting with the U.S. Food and Drug
(+) SFLY, The online photo company may be on the auction block,
recently hiring Qatalyst Partners to help find potential buyers,
sources tell Bloomberg News.
(-) CAMP, Outlook for Q2 adjusted EPS trails Street consensus by
at least $0.01 while projected revenue lags estimates by at least
$1.36 mln. Adjusted Q1 EPS of
$0.19 beats by $0.01. Q1 Revenue rise 9.9% to $59 mln, tops
analyst views by $960,000.
(-) GPRO, Falls for the first time in five sessions after
Dougherty & Co. rates the company as a Buy with a $28 price
target but analyst Charlie Anderson also cautions during TV
interview its multiples already are "up there in the
(-) MCP, Seeking Alpha contributor agrues stock is due for
severe dilution with the molybdenum miner slated to run out of cash
during first three months of 2015 and the MCP board already
authorized to issue up to 350 mln shares.